Glacier Media (TSE:GVC) Stock Passes Above Two Hundred Day Moving Average – Here’s Why

Shares of Glacier Media Inc. (TSE:GVC) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$0.33 and traded as high as C$0.36. Glacier Media shares last traded at C$0.36, with a volume of 23,000 shares changing hands.

Glacier Media Price Performance

The company has a debt-to-equity ratio of 21.58, a current ratio of 0.78 and a quick ratio of 1.23. The stock has a market capitalization of C$47.21 million, a P/E ratio of 5.22 and a beta of 0.61. The stock’s fifty day moving average is C$0.34 and its 200-day moving average is C$0.33.

Glacier Media (TSE:GVC) last posted its earnings results on Tuesday, August 4th. The company reported C$0.04 earnings per share for the quarter. Glacier Media had a negative return on equity of 89.90% and a negative net margin of 63.78%.The company had revenue of C$30.23 million for the quarter. On average, equities analysts anticipate that Glacier Media Inc. will post 0.07 earnings per share for the current year.

Insider Activity at Glacier Media

In related news, insider Mark Thomas Melville acquired 95,500 shares of the business’s stock in a transaction that occurred on Tuesday, June 30th. The shares were acquired at an average cost of C$0.34 per share, with a total value of C$32,470.00. Following the purchase, the insider owned 359,864 shares of the company’s stock, valued at approximately C$122,353.76. The trade was a 36.12% increase in their ownership of the stock. Corporate insiders own 61.79% of the company’s stock.

About Glacier Media

Glacier Media Inc offers information and marketing solutions. It operates in three segments Environmental, Property and Financial Information; Commodity Information; and Community Media. Environmental, Property and Financial Information includes the company’s business to business content, marketing solutions and data information products that are environmental, and property-related. The Commodity Information includes the business-to-business content, marketing solutions and data information products which are agriculture, energy and mining-related.